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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 28.25 % in the past year, decrease in net sales/revenue by -7.25 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -49.6 %, Marginal decrease of -11.38% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for VTM Ltd. Notable increase of 2.19 % in net profit Year to Year, VTM Ltd’s profitability increased by 48.45 % in this quarter.
- EPS over the Year and quarter: EPS increased by 2.36 % Year to Year. EPS increased by 47.73 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 46.114 Cr | Rs. 63.769 Cr | Rs. 59.143 Cr | -7.25 % | + 28.25 % |
Expenses | Rs. 39.46 Cr | Rs. 59.63 Cr | Rs. 50.87 Cr | -14.69 % | + 28.92 % |
Operating Profit | Rs. 6.65 Cr | Rs. 4.14 Cr | Rs. 8.27 Cr | + 99.76 % | + 24.36 % |
OPM % | 14.42 % | 6.49 % | 13.98 % | + 7.49 % | -0.44 % |
Other Income | Rs. 2.657 Cr | Rs. 1.511 Cr | Rs. 1.339 Cr | -11.38 % | -49.6 % |
Interest | Rs. 0.28 Cr | Rs. 0.29 Cr | Rs. 0.18 Cr | -37.93 % | -35.71 % |
Depreciation | Rs. 2.57 Cr | Rs. 1.61 Cr | Rs. 2.27 Cr | + 40.99 % | -11.67 % |
Profit before tax | Rs. 6.46 Cr | Rs. 3.75 Cr | Rs. 7.16 Cr | + 90.93 % | + 10.84 % |
Tax % | 20.7 % | 5.98 % | 26.91 % | + 20.93 % | + 6.21 % |
Net Profit | Rs. 5.12 Cr | Rs. 3.53 Cr | Rs. 5.23 Cr | + 48.16 % | + 2.15 % |
EPS in Rs | Rs. 1.27 | Rs. 0.88 | Rs. 1.3 | + 47.73 % | + 2.36 % |
Today, we’re looking at VTM Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 28.25 %. However, it did see a marginal slip of -7.25 % from the previous quarter. Expenses decreased slightly by -14.69 % quarter-on-quarter, aligning with the annual rise of 28.92 %. Operating profit, while up 24.36 % compared to last year, faced a quarter-on-quarter increase of 99.76 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.44 %, but an expansion of 7.49 % sequentially. Other income fell by -11.38 % compared to the last quarter, despite an annual decline of -49.6 %. Interest expenses dropped significantly by -37.93 % from the previous quarter, yet the year-over-year decrease remains at a moderate -35.71 %. Depreciation costs climbed by 40.99 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -11.67 %. Profit before tax grew annually by 10.84 % but saw an increase from the preceding quarter by 90.93 %.
Tax expenses as a percentage of profits increased slightly by 6.21 % compared to last year, with a more notable quarter-on-quarter increase of 20.93 %. Net profit rose by 2.15 % year-on-year but experienced a 48.16 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 2.36 % but a quarterly rise of 47.73 %. In summary, VTM Ltd’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 46.114 Cr | Rs. 63.769 Cr | Rs. 59.143 Cr | -7.25 % | + 28.25 % |
Expenses | Rs. 39.46 Cr | Rs. 59.63 Cr | Rs. 50.87 Cr | -14.69 % | + 28.92 % |
Operating Profit | Rs. 6.65 Cr | Rs. 4.14 Cr | Rs. 8.27 Cr | + 99.76 % | + 24.36 % |
Net Profit | Rs. 5.12 Cr | Rs. 3.53 Cr | Rs. 5.23 Cr | + 48.16 % | + 2.15 % |
EPS in Rs | Rs. 1.27 | Rs. 0.88 | Rs. 1.3 | + 47.73 % | + 2.36 % |
In reviewing VTM Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 28.25 % year-on-year growth, although there was a slight dip of -7.25 % from the previous quarter. Expenses rose by 28.92 % compared to the previous year, with a decrease of -14.69 % quarter-on-quarter. Operating Profit surged by 24.36 % annually, and saw a 99.76 % increase from the last quarter.
Net Profit showed yearly increase of 2.15 %, and experienced a 48.16 % increase from the previous quarter. Earnings Per Share (EPS) rose by 2.36 % annually, however rose by 47.73 % compared to the last quarter. In essence, while VTM Ltd exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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